Save the Children HODL campaign with the highest Ethereum donation
An ongoing crypto donation campaign dedicated to improving the lives of children worldwide has raised over $7.6 million, half of which was donated in Ether (ETH).
The philanthropic foundation's Save the Children HODL Hope campaign has about $2.4 million left of the $10 million it aims to raise by the end of 2023. At the time of writing, ETH represented 50% or $3.83 million of the $7.6 million raised in crypto donations.
Bitcoin (BTC) donations are estimated at a little over $2.6 million, which is about 34% of all cryptocurrencies. USD Coin (USDC), a US dollar-backed stablecoin issued by Circle, was the crypto community's third preferred way to help children in need. USDC represents 7% or nearly $520,000 in donations.
The US dollar was used in 2% of donations, followed by major altcoins including Bitcoin Cash (BCH), Tezos (XTZ), ThunderCore, Tether (USDT), Litecoin (LTC) and Solana (SOL).
The Own The Doge (DOG) and PleasrDAO communities currently dominate the donor leaderboard after contributing 291.16 ETH or over $1 million to the cause. However, donors can remain anonymous and cannot be featured on the leaderboard.
As shown above, donors accounted for $3.9 million of the total campaign donations.
Related: Crypto charities can use ‘gambler's bug' to raise big donations – study
The ease of cross-border money transfers allows greater participation in donation events for international causes. Recently, humanitarian aid and community service charity Singapore Red Cross started accepting crypto donations.
In partnership with Triple-A, Singapore Red Cross has started accepting BTC, ETH, USDT and USDC. “By accepting digital currencies, we are opening up a new chapter for donors who are tech-savvy and want to make a difference in their digital assets,” said Benjamin William, Secretary-General and CEO of the Singapore Red Cross.
Magazine: Real AI use cases in crypto, No. 2: AIs can run DAOs.
